Why Alibaba Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Alibaba Group Financial Results:

• Alibaba Group Holding Limited BABA shares dropped after reporting mixed first-quarter financial results.
• Revenue grew by 7% year-on-year to $30.73 billion, surpassing estimates, but adjusted earnings missed expectations.
• The stock fell by 6.8% to $78.86 during the session.

Stock Movements:

• Various stocks experienced significant movements during the mid-day session.
• Companies like Cheetah Net Supply Chain Service Inc., Faraday Future Intelligent Electric Inc., and MicroCloud Hologram Inc. saw notable increases in their share prices.
• AMC Entertainment Holdings, GameStop Corp., SunPower Corporation, and others also witnessed substantial gains.

High Gainers:

• Several companies, including Big Lots, Plug Power Inc., Virgin Galactic Holdings, and Paysafe Ltd, recorded notable increases in their stock prices.
• Retail investor Roaring Kitty's return to social media impacted the rise of certain stocks.

Declining Stocks:

• Some companies like Scorpius Holdings, Augmedix, Akoya Biosciences, and Eastside Distilling faced declines in their stock values.
• Factors such as weak quarterly earnings, downgraded ratings, and public offerings influenced the decrease.

Mixed Performances:

• Companies like StoneCo Ltd., TeraWulf Inc., Better Home & Finance Holding Company, and VinFast Auto Ltd. had mixed performances with fluctuations in their stock prices.
• Reasons for these variations included first-quarter results, secondary offerings, and financial forecasts.